INDEPENDENT CONTRACTOR AGREEMENT

February 27, 2024

 

INDEPENDENT CONTRACTOR AGREEMENT

THIS AGREEMENT is hereby entered into on this ………………day of …….……………. Two Thousand and ……………………………

BETWEEN

1KKKK, a XXXX based company located at [insert Address] hereinafter referred to as (“KKKK”)

AND

  1. XXXX, an independent contractor whose address is [insert Address] hereinafter referred to as (“Contractor”)

RECITALS:

WHEREAS, KKKKdesires to engage the services of XXXXfor the management of online marketing, web development, and maintenance of the KKKKplatform, and

WHEREAS,XXXXagrees to perform such services forKKKKas an independent contractor, and

WHEREAS, the parties desire to enter into an agreement to set forth the terms and conditions of such engagement.

NOW, THEREFORE, the parties agree as follows:

  1. SERVICES:

Contractor,XXX, in his role as Chief Technology Officer (CTO), agrees to provide online marketing, web development, and maintenance services for KKKKplatform. Contractor will also execute operational decisions based on KKKKchoices. As CTO, XXXXwill provide technical leadership and oversee all aspects of KKKKtechnological development and innovation, ensuring that the company stays at the forefront of the industry.

  1. TERM:

This Agreement will begin on 04.28.23 and continue for two (X) years, unless terminated earlier by either party in accordance with the terms of this Agreement.

  1. COMPENSATION:

Client agrees to pay Contractor a commission of eight percent (8%) of the net income from bookings made through Luxmnr.com, calculated after deducting cleaning fees and any damages covered by insurance. Commissions will be paid on a monthly basis, unless otherwise agreed by both parties in writing. KKKKreserves the right to change the payment structure to a quarterly basis if deemed necessary, provided that Contractor is given written notice of such change at least [number of days] days prior to the commencement of the new payment schedule.

  1. RELATIONSHIP BETWEEN THE PARTIES:

Contractor is an independent contractor and not an employee, partner, or agent of XXXX. Contractor has no ownership interest in XXXXand is not authorized to enter into any contracts or agreements on behalf of ZZZZ

  1. CONFIDENTIALITY:

Contractor agrees to maintain the confidentiality of all proprietary information and trade secrets of XXXX that are disclosed to Contractor during the course of this Agreement.

  1. INTELLECTUAL PROPERTY:

All work product created by Contractor in the course of performing services under this Agreement will be the exclusive property of KKK

 

  1. NON-COMPETE AND NON-SOLICITATION:

Contractor agrees to a [insert period] non-compete and non-solicitation clause after the termination of this Agreement. Contractor will not engage in any business or activity that competes with XXXX, nor solicit anyKKKK client or employee. Breach of this clause may result in injunctive relief and liability for damages incurred by XXXX

  1. DISPUTE RESOLUTION:

In the event of any dispute arising out of or in connection with this Agreement, the Parties agree to first attempt to resolve the dispute through mediation. If mediation is unsuccessful, the Parties may pursue any other legal remedies available to them. The mediation proceeding shall be conducted in Houston, Texas, in accordance with the rules of mediation then in effect in the State of KKKKwith one (1) Mediator to be selected by mutual agreement of the Parties.

  1. TERMINATION:

This Agreement may be terminated by either party for cause upon written notice to the other party if the other party materially breaches any provision of this Agreement and fails to remedy such breach within [insert number] days of receipt of written notice of the breach. Either party may also terminate this Agreement without cause upon [insert number] days written notice to the other party. Upon termination, all rights and obligations of the parties will cease except for those provisions that by their nature are intended to survive termination, including those regarding confidentiality, indemnification, and intellectual property.

  1. INDEMNIFICATION:

Each party agrees to indemnify and hold the other harmless from any losses, damages, liabilities, or expenses arising out of their respective actions or omissions under this Agreement.

 

  1. GOVERNING LAW:

This Agreement will be governed by and construed in accordance with the laws of the State of XXXX

  1. FORCE MAJEURE

Neither party will be liable for any delay or failure to perform its obligations under this Agreement if such delay or failure is due to an event beyond its control, such as acts of God, strikes, terrorism, or war.

  1. NOTICES:

Any notices or other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed given and received when (i) delivered personally, (ii) sent by registered or certified mail (return receipt requested), postage prepaid, or (iii) sent by email (with confirmation of receipt), addressed to the party to whom such notice or communication is to be given at the following addresses:

If to XXXX

Luxmnr

[Insert Address]

[Insert Email]

If to Contractor:

KKKK

[Insert Address]

[Insert Email]

Either party may change its address or email for notice by providing written notice of such change to the other party in accordance with this section.

  1. ENTIRE AGREEMENT:

This Agreement contains the entire understanding between the parties. It supersedes any prior or contemporaneous agreements, representations, or understandings, whether written or oral, relating to the subject matter of this Agreement.

  1. AMENDMENTS:

This Agreement may be amended only in writing, signed by both parties.

By signing below, the parties acknowledge that they have read and understand the terms and conditions of this Agreement, and agree to be bound by them.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

SIGNED by the parties:                                         )

…………………………….                                               ) _________________

ZZZZ                                          Signature

Date: …………………………….

AND

……………………………………                                        )_________________

XXXX                             Signature

Date: …………………………….

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